NICE (NASDAQ:NICE) Raised to “Strong-Buy” at StockNews.com

NICE (NASDAQ:NICE) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

NICE has been the topic of several other reports. Citigroup upped their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. DA Davidson dropped their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Up 5.0 %

Shares of NICE opened at $192.33 on Wednesday. The business’s 50 day moving average is $179.09 and its two-hundred day moving average is $174.25. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 1.48 and a beta of 1.05.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NICE. Creative Financial Designs Inc. ADV boosted its stake in NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares in the last quarter. ORG Wealth Partners LLC bought a new position in NICE during the third quarter valued at about $38,000. Wilmington Savings Fund Society FSB bought a new position in NICE during the third quarter valued at about $41,000. Finally, GAMMA Investing LLC boosted its stake in NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after buying an additional 116 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.